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...Last year, it closed its flagship Asia V buyout fund after raising $7.1bn, eclipsing its targets....
...Rising public equity market valuations and demand from credit funds to make new loans are fuelling a recovery in activity....
...The recovery in global corporate bond and loan markets began after the Federal Reserve signalled it sees a path to cutting interest rates later this year....
...Matthew Briers has quit as chief financial officer of London-based fintech Wise to “focus on making a full recovery” after being run over by a bus while cycling last year....
...That’s what we missed: how the policy response to the regional banking crisis stabilised the banking system, which allowed a pretty sharp V-shaped recovery....
...In the process, it has been hailed by analysts and consumers as a financial technology pioneer....
...Of course, lots of things were going on in the world at that time, midway through the credit crisis. And your job was to bet for or against the recovery — what would happen and to what degree....
...A banking crisis was contained but Credit Suisse and Silicon Valley Bank were washed away....
...For early pioneers such as Doug Tompkins, the opposite often held true. Far better to just remove humans from the picture altogether, the theory ran, and allow nature to heal itself....
...Earlier in December, Moody’s downgraded the outlook on Hong Kong’s sovereign credit rating to negative, a day after a similar downgrade for China’s outlook....
...One bond, which had been close to par at the start of the year when optimism over China’s recovery from the coronavirus pandemic was high, has sunk to about 27 cents and matures next month....
...UBS settled with the government of Mozambique over Credit Suisse’s involvement in a £2bn alleged “tuna bond” fraud that wrecked the country’s finances....
...Harvey Schwartz, the new chief executive of Carlyle Group, has a big challenge in reviving one of the pioneers of the buyouts industry: Its vaunted private equity operations have slowed to a crawl....
...Two years ago, Igor Matovič, then Slovakia’s prime minister, was asked in a radio interview what his government had promised Moscow in return for supplies of Russia’s Sputnik V Covid vaccine....
...More than a dozen current and former administration officials, US lawmakers and Democratic strategists who have been interviewed believe Harris has not been given the political credit she deserves for her...
...I think a lot of people were anticipating a V-shaped recovery . . . People are now waking up the realisation that volatility is going to be normal going forward.”...
...When Vicki Hollub flew Occidental Petroleum’s Gulfstream V jet to Omaha for a meeting with billionaire investor Warren Buffett in April 2019, she needed cash to place a bet....
...a fair bit back in the end), sort of like the high recoveries in IG credits upon default....
...Karin’s decisive actions in dealing with the Credit Suisse banking crisis earlier this year rescued the Swiss economy. We all owe her a debt of gratitude....
...They are safer than typical unsecured bonds, with better recovery rates (55% versus 40%) in the extreme event of a default....
...They were already on the rise throughout 2021 as global demand, driven by economic recovery, was growing faster than producers could bring back supply....
...“A V-shaped recovery is extremely unlikely.”...
...The form this will take is an allocation of cheap credit tied to the amount of “green” lending a bank extends to companies....
...It does ultimately come down to credit, but there is more and more layering of ESG metrics.”...
...Paulo Guedes, Brazil’s finance minister, has remained bullish, telling the Financial Times recently that Brazil would “surprise the world again” and continue its “V-shaped recovery”....
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